Hanwha Asset Management Renames 'PLUS Aerospace' ETF
The name of Hanwha Asset Management's 'PLUS Aerospace & UAM' Exchange-Traded Fund (ETF) will be changed to 'PLUS Aerospace' ETF starting from May 28, 2026.
On May 28, Hanwha Asset Management announced that it decided to change the ETF's name to clearly define the investment target and enhance intuitiveness for investors.
The PLUS Aerospace ETF is a domestic equity product that focuses on investing in Korean companies involved in the space value chain. As of May 26, 2026, its performance yields were 2.3% over the past month, 11.3% over three months, 130.8% over six months, 138.7% over one year, and 85.4% year-to-date. Since its listing, the cumulative yield has reached 401.0%.
Recently, as private sector-led space development accelerates following SpaceX's push for an initial public offering (IPO), the overall valuation of the space industry has soared. The PLUS Aerospace ETF employs a differentiated strategy by selecting and including domestic companies that are expected to benefit directly by being part of SpaceX’s supply chain, instead of directly competing with U.S. companies that go head-to-head with SpaceX.
Notably, in the regular rebalancing carried out earlier this month, Hanwha and Korean Air were excluded, while Spear, which supplies nickel alloys to SpaceX, and Contec, Asia’s largest satellite ground station service platform provider, were newly included.
Other holdings include HVM, which supplies core advanced metals to SpaceX; Kencoa Aerospace, which provides structural components for launch vehicles and aerospace materials; Satrec Initiative, a specialist in satellites; and Intellian Technologies, a company specializing in the design and manufacture of satellite communication antennas.
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Jeongsup Geum, Head of ETF Business Division at Hanwha Asset Management, stated, "Domestic companies that have joined SpaceX’s supply chain or are expanding overseas orders based on technological moats are seeing steady profit growth, with many turning a quarterly profit from 2025 onward," adding, "With increasing numbers of launch vehicles and satellites, it is important to watch companies incorporated into the space value chain, as they stand to benefit significantly."
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